I forget his name now without searching posts from the start of the month on this thread.  But one guy got one of the highest payouts and is also in the trust network proper.  I think he does escrow, now if he not only leaves trust but adds Ritz into his network then it actually counts for something  [might be equate Im thinking of, of course its upto him but most of us are peasants]

Me doing either of those things doesnt matter because Ive not done escrow and Im not in anyones network

Yes do not mine LTC on a cpu, its just not feasible now.   They have designed specialised hardware for that purpose.

more then 4x harder in 6 months and the price has been dropping all this year.   So costs more, worth less.  Not a market to start out on




Actually its possible for a coin network with no mining.   I didnt think so previously but they do operate now.    How well they work is subject to argument but so far Ive tried its worked fine.    The problem is all new coins are just tokens with very little worth.
Most people only ask these question because they want to get rich, short answer is no easy way to mine high worth coins now sorry

If you are here out of interest then check out energy coin, you just have to leave the laptop open and connected to the internet and thats it.  No mining, new coins are distributed to holders who form the network.     We'll see one day which is best, some say its all waste but one route should be best and it probably wont be running gpu maxed out 24/7 imo

So we can look forward to a further distribution, sounds good.     I have received the launch coins and I noticed that I have also mined or staked some more coins.  I got another 35 coins for my troubles.
Vast amounts of energy saved so far from this launch, must be at least one redwoods worth

Its ironic that natural action is not as destruction as deliberate acts by government.   Done in the hope of good effect they have unintended consequences, its practically a second law of government that everything they do has a secondary unseen unplanned effect.

I'd argue alot of the negatives in the 30's were not from stock prices falling but acts of government like the Smoot-Hawley Tariff which meant to increase USA business by cutting off foreign trade.   It ignored comparative advantage and obviously basic freedoms of a citizen to choose where to place their business best and at the best prices



You'd need to say how.   Debt is a promise of dollars in the future.    We have produced alot of debt, do you mean this cannot be that alot of dollars will come into existance.

I know QE in theory is supposed to reverse, Im going on their actions far more.  In the last six years they have instigated more then a few QE campaigns and right now are still continuing the 2008 recession actions.   Its just possible sometime this year they do stop increasing QE.   I will be surprised if they ever manage to reverse it though.   So all those new dollars I count as inflation


When its said bitcoin is going to 10,000 then this is it.  It can do it today because most of the damage is here now, its not apparent but its present

This is why side chains would be good.  You dont want to divert the whole blockchain on an idea like this, its centralised and could cause a danger to the network from the then greater disruptive forces available to outsiders.
On the other hand it might be good to encourage participation and it might even work in a minor way to get further exchange and trade done involving bitcoins and other major trading means like gold or other commodities even.   I think I read the side chain would be done on a contract basis so that appears to match how commodities trading is often done, a fixed contract at a set price but with multiple ownership over time and with varied views on its eventual worth

Would that not allow people to spend the doge on both forks because neither is confirming what is happening on the other.    You would need to do proof of burn perhaps, where you prove you destroyed the coins and they issue you a new set on the new blockchain, then it can be sure of a proper start.

 A strange idea I heard is where all alt coins share the same blockchain, no matter that they are different but they all help each others security in some way though with varying rates of worth.    Ive no idea thats possible or not or how but it sounds better then a delibrate fork

Dont be so obtuse




This is how distribution begins.   If the exchange had no traffic they would not be too happy, so its actually a positive to start

^^ That last idea sounds feasible.  The tourist is buying things over a short period of time and its not restricted

Thing is with Argentina or China even is they dont want a free exchange to dollars.   Capital controls are there to hand power to the politics and their budget, their ideas of socialism.   UK had capital controls at one point, its pretty much always the same reason to give power to a few over the people.    China does control its people this way, they should be far richer.  Inadvertently chinas money supports Washington policies while everyone think its makes them best buddies, I think its far more oligarch type economies or a marriage of convenience

Selling BTC for 850 dollars is just a black market price.   They have people who'll smuggle in dollar notes and charge similar so I dont think btc is being helpful in that case, maybe even exploitative.   If they can sell online services for BTC then that creates a subsidy to that business as they can locally exchange btc themselves and gain the advantage, seems like a positive for them.  

 Put it that way and it sounds as bad as the dollar.   Dollar is backed by the dollar and to pay bills they issue more dollars to buy the dollar debt that is supporting the government that is backing the dollar.    Thats ok then, not a house of cards  

That is a nice shade of blue tbh


Its an element, it does have that certainty at the least.    Gold is a luxury or a store of wealth, its not a necessity.   If everyone was eating their dinner out of cans with a hunting knife by a campfire because thats how poor we got, I imagine gold would be a long way down the rank of worthwhile objects to collect as trading currency.
Thing is wealth and excess do exist and gold correlates to that, theres always going to be some guy who does well who has a good idea and has his feet up.   He has no need to store an entire farm of corn as his wealth, something like gold can make sense in this context.
    I take the general point and the massive irony that gold really isnt needed but gold does definitely have a reason for its valuation over the centuries and its not likely to change.

   However some money more practical for the folks just working on a wage wanting an un-politicised unbiased even exchange of work/wages would be good too

To those who say BTC is gold 2.0, it really isnt.  Its something else, superior in some ways practical and others not nearly as certain in its standing and regularity ?
Its not likely a good mix between the two

Try mining darkcoin, its far more complicated to process then Bitcoin.    That means your computer has the upperhand and there is no ASIC
Its about the most popular complex coin I can think of now

Even if not a scam, seems not good to just rely on one person whichever sex they are

I never get how people just go with a new account posting and asking for donations.   At least there is escrow this time so start talking to that guy about arrangements I guess

I cant change my signature unfortunately its already taken.   Im not clear if its possible to take part to some degree anyway

I have wallet v1.1.2.0 running

I downloaded the wallet but its not yet active I take it.  My address is censored [posted on facebook]

Could I be added a stake please, Im interested in your coin

My forum id is STT

Sounds like nonsense, people dont have money or assets generally.  Most of UK is in debt like USA and so on, its companies which have money or banks so this rule would be extremely unpopular with potential lenders to people.

Theres no reason to do this over garnishing wages and normal confiscation

The average IQ is 100, you need simplicity not elitism to make a product that will get mainstream success.    The OP is correct but it might be a question of labelling or marketing



They buy a gold coin and the coin is minted and marked to a certain value of gold in it.   Those coins often trade at a premium to their real gold content, the brand itself takes on an extra worth.    It is a valid point being made, the use of BTC has to be seamless as possible

Never say never, I think bitcoin needs to innovate to really succeed.   That talk of side chains recently might be one way to relate multiple consumer friendly versions back to a solid standard like bitcoin

Rice as money sounds alot better then cotton dollars as money.   Naturally its used up and produced?  Where as dollars it seems there is always an endless supply and its not a useful crop produced by a farmer (yes I know cotton but you cant use the note for anything) but instead its the crap spewing out of washington and its evil twin the Fed.    Most of it isnt even cotton, its virtual and they look down on bitcoin for some reason



That has to paired with the fact Japan has the oldest working population.    Naturally people should be richer as they save earnings over a lifetime.     But then they are not working but using the money up and paying for their health treatment or whatever they need.
To presume the world oldest population will just pay for politics to perpetuate instead of spending their wages seems unrealistic.  The main point is politics and its costs are a net loss.  When people criticise gold or bitcoin or whatever they say why would you be so selfish to just store a metal but to store dollars is to store or support politics, its not productive.  

If Japans citizens do own all their debt, they are incredibly poor for that reason.  I think the confusion is that QE has labelled the debt as self owned just like USA can argue the same, but the assets used to buy the debt never existed previously.    In theory I can buy a house and pay for it with the house I just bought via some loan agreement, but does that make much sense and I think thats how QE is balanced and it'll fail just like housing boom failed as extreme sub prime loans with zero deposit also failed

The only reason I dont say Japan to fail first is they have valid businesses and I would worry that Argentina's business has become eclipsed and subverted by socialism.  Im trying to think of some global brand they operate, maybe they have the resources

UK banks were covertly supported by the Bank of England 2008 onwards.  It was never made a big deal or outlined especially because of how people react when they know the bank has run out of money.  FED no doubt did the same, injected liquidity or whatever you would label it as.   Asset prices 'recovered' or inflated and problem solved, Im not sure how much they still rely on funding but the majority is repaid already.

The ratio banks lent on was far below 10% and RBS I think would have been 3% maybe, they lent me money right in the middle of the worst price falls.   They were so lucky it was an election year or they might have been cut loose. 
 Lloyds went to the other extreme now and is far past 10% I think, the housing prices helps them greatly where as RBS has more exotic trades that will never recover a bit like the tech boom.
I'd say the answer is 10% at least but they can still lend at 1% in theory, obviously not a good idea to do so as we saw

Why is there a FED to begin with would be the best question, nobody should be running it.  It should be run down, its a pointless invention. 

10k makes btc market size of 210 billion, which is about half the worth of Apple.   In order to be that valuable, really it should be as useful to as many people as apple products, is that viable in just one year?

Did it switch to another coin for higher profit or you have just the one coin ?    Pretty sure I saw it'd switched to TRC earlier

Anyone know what the vtc profit per day is